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Containers in Shanghai Harbor, April 10, 2018. REUTERS / Aly Song / File

A new course has been crossed in the economic battle between China and the United States. Beijing announces new tariffs on $ 75 billion of US imports. Taxes between 5 and 10% on more than 5,000 products in retaliation to those announced recently by Washington

China will raise tariffs of 5% or 10% on more than 5,000 US products including crude oil, small planes and agricultural products. Chinese authorities have also announced surcharges of 25% on automobiles.

This new imposition will be done in two stages. Part of the property will be effective from September 1st and the rest on December 15th. This is the counterattack of Beijing.

The United States will impose additional taxes over the same period on $ 300 billion worth of Chinese products. Almost all imports from China will then be affected by these punitive tariffs.

The goal of the American president is to rebalance trade with the Middle Kingdom. The US trade deficit with China exceeded $ 320 billion last year.

This new escalation in the trade dispute immediately made the markets react: at the news of this retaliation, most European stock markets and Wall Street fell back.

► See also: [Computer graphics] China-US trade war in five episodes